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Binance Lists Kyrgyz Som Stablecoin as Country Steps Up Crypto Efforts

3 hours ago

December 25: Kyrgyzstan President Sadyr Japarov announced the official launch of stablecoin KGST—pegged to the national fiat currency som—on Binance, marking a key milestone in the Central Asian nation’s national crypto infrastructure development. In a post, Japarov noted the KGST launch will boost cross-border payments and deepen Kyrgyzstan’s ties to the global crypto ecosystem. Binance CEO Changpeng Zhao (CZ) later stated there will be “more government-backed stablecoins” launching on Binance going forward. This April, Zhao began offering technical and policy guidance to the Kyrgyzstan government. The landlocked Central Asian nation (population ~7 million) has drastically shifted its stance on digital assets over the past year. In September, Kyrgyzstan advanced legislation to create a national crypto reserve and grow its digital asset sector. Alongside KGST, Kyrgyzstan recently launched USDKG—a USD-pegged stablecoin backed by physical gold. The token initially launched on the Tron network with a 50 million supply and plans to expand to Ethereum later.
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Maple Finance Issues Largest-Ever Single Loan, and Outstanding Borrowed Amount Reaches New All-Time High

On December 25th, Relayer Capital founder Austin Barack announced that Maple Finance closed the largest single loan in history yesterday — $5 billion — while its outstanding borrowings hit a record high. The milestone marks a strong end to 2025 for the protocol and cements it as one of the most prominent growth stories in the decentralized finance (DeFi) space. Maple’s native token, SYRUP, is among Relayer Capital’s highest-conviction core holdings.

12 minutes ago

Bitcoin Withdrawal Recovery, 510.29 BTC Net Outflow from CEX in the Last 24 Hours

Data from Coinglass shows Bitcoin (BTC) had a net outflow of 510.29 BTC across centralized exchanges (CEXs) in the past 24 hours. The top three CEXs by BTC outflow were: - Kraken: 1,219.12 BTC out - Gemini: 481.69 BTC out - Gate: 140.12 BTC out Additionally, Binance led CEX inflows with 1,671.26 BTC coming in.

12 minutes ago

Christmas Whale Watchlist: Top 3 ETH Holdings All Long in Loss, "BTC OG Insider Whale" Account Shows $49 Million Unrealized Loss

December 25 – Per data from Coinbob Popular Address Monitoring (https://t.me/Coinbob_track_CN), most crypto whales showed no new activity over Christmas. The “BTC OG Insider Whale” has kept liquidation exposure above $40 million for a week, while the “CZ Contrarian” whale remains long on ETH and XRP with total exposure near $30 million. Key updates: - **BTC OG Insider Whale**: No position changes since flattening ETH/SOL longs on Dec 18. Total liquidation exposure ~$48.2M. Top holding: ETH long ($41.21M exposure, -34%), avg entry $3,147, size ~$603M. Also holds BTC/SOL longs; total size ~$723M (Hyperliquid’s top ETH long). - **CZ Contrarian**: ETH long: ~$13.8M exposure (-122%), size ~$168M, avg $2,947, liquidation price $2,669, floating profit $75k. XRP long: ~$724.1M size, $16.59M exposure (-229%). No changes in 7 days; total exposure $30.42M (Hyperliquid’s largest XRP long, 2nd-largest ETH long). - **pension-usdt.eth**: 3x-leveraged ETH long: ~$88.32M size, avg $2,967, liquidat

12 minutes ago

If Ethereum drops below $2,800, the mainstream CEX long liquidation amount will reach $796 million

**December 25th Update** According to Coinglass data, Ethereum’s cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $796 million if the token falls below $2800. Conversely, cumulative short liquidation intensity on major CEXs will reach $889 million if Ethereum breaks above $3100. **BlockBeats Note** Liquidation charts do not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on these charts actually reflect how important each liquidation cluster is relative to its adjacent clusters—i.e., "intensity." Thus, the chart shows the extent to which the underlying asset’s price will be affected when it hits a specific level. A taller "liquidation bar" signals a more intense price reaction due to a liquidity cascade.

12 minutes ago

「BTC OG Insider Whale」 Long Position Total Unrealized Loss Reduced to $49 Million

On December 25, monitoring data from HyperInsight (via https://t.me/HyperInsight) shows the "BTC OG Insider Whale" still holds a combined $723.14 million in long positions across BTC, ETH, and SOL. Its total floating loss has narrowed to $49 million, and it has paid $2.706 million in funding fees. **Position breakdown**: - ETH long: $598.65 million, entry price $3,147.39, floating loss $41.19 million - BTC long: $87.61 million, entry price $91,506.7, floating loss $3.89 million - SOL long: $36.93 million, entry price $135.2, floating loss $3.82 million

12 minutes ago

「Buddy」 Ethereum Long Liquidation of Over $230,000, Liquidation Price $2,866.48

December 25th — Per monitoring from HyperInsight (via its Telegram channel @HyperInsight), the Ethereum long position tied to the "Buddy" address (linked to Huang Lizheng) now has an unrealized loss of over $230,000. **Key Details**: - 7,400 ETH long position with 25x leverage - Entry price: $2,976.22 - Liquidation price: $2,866.48 The address posted a $200,000 profit over the past 7 days but has lost $3.46 million in the last month.

12 minutes ago